In response to the global transition to renewable energy, a world-class floating offshore wind farm development is underway off the coast of Ulsan, South Korea.

The project involves five consortia composed of both public and private investors, including Korea Floating Wind (KF Wind). KF Wind is planning to develop three wind farm sites with a combined capacity of 1,320 MW (Net Capacity: 1.2 GW). These project sites are located in the exclusive economic zone (EEZ), approximately 80 kilometers offshore, with water depths ranging from 175 to 275 meters, covering a total area of 240 km².

The three floating offshore wind farms to be installed by KF Wind are expected to generate approximately 4,000 GWh of electricity annually. This amount is equivalent to about 12% of Ulsan’s annual electricity demand, or the electricity usage of approximately one million households in the city.